This is a most disturbing development. The Chinese scammers are now using a new type of scam that uses pictures of REAL US coins. These auctions have pictures of REAL US coins, a starting price of .99 cents and use a 1 day listing. What's worse, is that the sellers are listed as being located in California. These sellers sell dozens of items for .01 cent to Chinese buyers in an effort to build up bogus positive feedbacks. The feedback is made private so the buyers will only see the positive feedback score, and not what items were purchase. A couple of days later these sellers, now empowered with 20-30 positive feedbacks, list 20 or so coin items. All the coins are related ie one seller listed all bust dollars only, another seller listed all $5 Bust gold coins only etc. These items all sell for about 10% of their actual worth, and the buyers think they are getting a great deal. A few days later, Ebay finally realizes that the seller is a crook, and NARU's the seller. Unfortunately for the buyer, he has already paid, and will probably never recover their money. Here are the 6 charactoristics:

1. private auction
2. .99 cent open
3. stolen pictures of 5 figure coins
4. California location
5. artificially built up positive feedback
6. All the same type of coin 

UPDATE: These crooks are now using Arizona locations as well as California. They are also using dormant ebay accounts (accounts that had never before bought or sold coins before)

Below are some examples of these fraudulent auctions:

Fraudulent Trade Dollar coin auction:

see item #300158914744

Fraudulent $10 Gold Indian coin auction:

see item #160160822324

Fraudulent $3 Gold coin auction:

see item #250162232330

Fraudulent $5 Bust Gold coin auction:

see item #120144719795

Fraudulent $10 Gold Liberty coin auction:

see item #320149240845

Fraudulent Trade Dollar coin auction:

see item #280150449076

Fraudulent Bust Dollar coin auction:

see item #250155376858